Texas Roadhouse (NASDAQ:TXRH) Price Target Increased to $136.00 by Analysts at Jefferies Financial Group

Texas Roadhouse (NASDAQ:TXRH) had its price objective raised by Jefferies Financial Group from $120.00 to $136.00 in a research note released on Tuesday morning, Benzinga reports. Jefferies Financial Group currently has a hold rating on the restaurant operator’s stock.

Other analysts have also recently issued reports about the company. Stephens initiated coverage on Texas Roadhouse in a research report on Friday, April 12th. They issued an equal weight rating and a $150.00 target price on the stock. Wedbush lifted their price target on Texas Roadhouse from $160.00 to $170.00 and gave the company an outperform rating in a research report on Friday, April 5th. Wells Fargo & Company lifted their price target on Texas Roadhouse from $125.00 to $140.00 and gave the company an equal weight rating in a research report on Friday, February 16th. Robert W. Baird upgraded Texas Roadhouse from a neutral rating to an outperform rating and lifted their price target for the company from $160.00 to $175.00 in a research report on Wednesday, March 13th. Finally, Morgan Stanley lifted their price target on Texas Roadhouse from $135.00 to $145.00 and gave the company an equal weight rating in a research report on Friday, April 12th. Twelve equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $136.05.

Texas Roadhouse Price Performance

TXRH opened at $150.82 on Tuesday. Texas Roadhouse has a 12 month low of $91.06 and a 12 month high of $157.12. The stock has a market cap of $10.08 billion, a P/E ratio of 33.29, a P/E/G ratio of 1.63 and a beta of 0.99. The stock’s 50 day moving average price is $148.34 and its 200 day moving average price is $124.44.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Thursday, February 15th. The restaurant operator reported $1.08 EPS for the quarter, beating the consensus estimate of $1.07 by $0.01. Texas Roadhouse had a return on equity of 27.43% and a net margin of 6.58%. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period last year, the firm earned $0.89 EPS. The firm’s revenue was up 15.3% compared to the same quarter last year. Equities analysts anticipate that Texas Roadhouse will post 5.73 EPS for the current year.

Texas Roadhouse Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 13th were given a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend was Tuesday, March 12th. This is a boost from Texas Roadhouse’s previous quarterly dividend of $0.55. Texas Roadhouse’s dividend payout ratio (DPR) is 53.86%.

Insider Transactions at Texas Roadhouse

In other news, Director Curtis Warfield sold 2,365 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $148.68, for a total value of $351,628.20. Following the completion of the sale, the director now owns 13,397 shares of the company’s stock, valued at $1,991,865.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Texas Roadhouse news, Director Curtis Warfield sold 2,365 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $148.68, for a total value of $351,628.20. Following the transaction, the director now owns 13,397 shares in the company, valued at $1,991,865.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher C. Colson sold 405 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $149.05, for a total value of $60,365.25. Following the completion of the transaction, the insider now owns 8,500 shares in the company, valued at approximately $1,266,925. The disclosure for this sale can be found here. Insiders sold a total of 12,382 shares of company stock valued at $1,843,145 over the last quarter. Company insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TXRH. Raymond James Financial Services Advisors Inc. grew its stake in Texas Roadhouse by 14.8% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 8,983 shares of the restaurant operator’s stock valued at $752,000 after purchasing an additional 1,156 shares in the last quarter. Natixis Advisors L.P. grew its stake in Texas Roadhouse by 11.4% in the first quarter. Natixis Advisors L.P. now owns 19,852 shares of the restaurant operator’s stock valued at $1,662,000 after purchasing an additional 2,029 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Texas Roadhouse during the 1st quarter worth about $241,000. Rhumbline Advisers boosted its stake in shares of Texas Roadhouse by 3.3% during the 1st quarter. Rhumbline Advisers now owns 193,677 shares of the restaurant operator’s stock worth $16,217,000 after acquiring an additional 6,116 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Texas Roadhouse by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,524 shares of the restaurant operator’s stock worth $2,137,000 after acquiring an additional 2,433 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Texas Roadhouse Company Profile

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. It also operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names in 49 states and ten internationally. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.